China is playing catch up to Asian rivals in the race to buy into North America's shale gas sector, underlining how the world's second-largest energy consumer is waking up to the potential of a technology that could unlock a massive resource at home.
In a week when India's Reliance Industries Ltd. placed its second big bet on shale gas—a $1.36 billion deal for a 45% stake in Pioneer Natural Resources Co.'s Eagle Ford asset in the U.S.—China made a less high-profile move.
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